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US nuclear reactor startup Transatomic Power announced on 25 September that it is shutting down operations, after deciding that it can see no viable path to bringing its molten salt reactor designs to scale. However, it still wants its technology to play a role in the future of advanced nuclear reactors. Transatomic’s CEO and co-founder Leslie Dewan, noted: “We haven’t been able to scale up the company rapidly enough to build our reactor in a reasonable timeframe. It is therefore with a heavy heart that I must announce that Transatomic is suspending operations.” He added that the company will be “open-sourcing our intellectual property, making it available for any researchers — private, public or nonprofit — who want to continue the work we’ve started.”
- Source: NEI Magazine
- Date: Tuesday, 02 October 2018
- Original article: neimagazine.com/news/newstransatomic-announces-it-closure-6779325